| Latest Forum Topics / Alita Resources Last:0.078 -- |
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alliance mineral resources move up
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EmmGru
Veteran |
24-May-2017 22:57
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Haha give benefit of doubt lah, now the area tripled maybe they need more time to finish the report? Anyway area tripled must be very good news rite, tats why price chiong until like tat.
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Steady28
Senior |
24-May-2017 22:52
Yells: "huat ah" |
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lol thanks for the rigour in cross referencing. now machiam we are some professional critique. it' s okay let' s be number 2... cheers. 
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Atom99
Master |
24-May-2017 22:52
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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Significant Increase in Lithium Pegmatite from Drilling at Bald Hill Tawana Resources NL (&ldquo Tawana&rdquo or the &ldquo Company&rdquo ) and Alliance Mineral Assets Limited (SGX: AMAL) are pleased to announce that extensional step-out drilling at the Bald Hill project, Western Australia has trebled the size of the target area originally defined in January 2017. The extended area contains the most significant lithium results to date. Highlights Eastern high grade extension. Significant results include: - 57m at 1.62% Li2O from 161m, including 47m at 1.77% Li2O in LRC0348 - 38m at 1.48% Li2O from 134m in LRC0456 - 28m at 1.49% Li2O from 129m including 25m at 1.63% Li2O in LRC0454 - 10m at 2.58% Li2O from 83m including 7m at 3.46% Li2O in LRC0347 This mineralised zone remains open to the east and south. South Western extension. Significant results include: - 24m at 1.29% Li2O and 239ppm Ta2O5 from 135m in LRC0405 - 7m at 1.33% Li2O from 107m and 15m at 1.42% Li2O from 155m in LRC0407 - 12m at 1.31% Li2O and 306ppm Ta2O5 from 126m in LRC0411 - 6m at 1.75% Li2O and 448ppm Ta2O5 from 99m and 10m at 1.28% from 137m in LRC0425 - 14m at 1.52% Li2O and 268ppm Ta2O5 from 106m and 15m at 0.73% Li2O and 402ppm Ta2O5 from 141m in LRC0426 - 12m at 0.96% Li2O and 325ppm Ta2O5 from 113m and 10m at 1.76% Li2O and 338ppm Ta2O5 from 164m in LRC0427 - 15m at 1.21% Li2O from 113m, 4m at 1.86% from 144m and 8m at 0.81% Li2O and 322ppm Ta2O5 from 159m in LRC0404. This mineralised zone remains open to the west and south. The maiden Resource estimation works are well advanced and the Company aims to complete and release these with summary Feasibility Study results within 2 weeks. Tawana Resources Managing Director Mark Calderwood stated: &ldquo The footprint of the lithium and tantalum mineralised pegmatites has increased significantly over recent months. Recent drilling has defined two areas of consistently high grade lithium mineralisation.&rdquo 1 The true width of pegmatites are generally considered 80-95% of the intercept width. Only pegmatite intercepts of 1m or more in width are included. Only intercepts of 0.3% Li2O or 150ppm Ta2O5 considered significant. 2 These intersections are also repeated in the highlights section on the cover page. Recent Drilling2 A further 118 exploration Reverse Circulation drill holes totalling 17,680m were completed between 1 April and 15 May 2017. Assays have been received for 87 holes since the 18/19 April, 2017 update. Recent intercepts are summarised in Tables 1 and 2 in Appendix A. Eastern high grade extension. Significant results include: - 57m at 1.62% Li2O from 161m, including 47m at 1.77% Li2O and 7m at 0.3% Li2O and 541ppm Ta2O5 from 219m in LRC0348 - 38m at 1.48% Li2O from 134m in LRC0456 - 28m at 1.49% Li2O from 129m including 25m at 1.63% Li2O in LRC0454 - 10m at 2.58% Li2O from 83m including 7m at 3.46% Li2O in LRC0347 - 15m at 1.14% Li2O from 127m including 9m at 1.49% Li2O in LRC0452 - 21m at 0.98% Li2O from 133m including 13m at 1.23% Li2O in LRC0451 South Western Extension. Significant results include: - 15m at 1.21% Li2O from 113m, 4m at 1.86% from 144m and 8m at 0.81% Li2O and 322ppm Ta2O5 from 159m in LRC0404. - 24m at 1.29% Li2O and 239ppm Ta2O5 from 135m in LRC0405 - 7m at 1.33% Li2O from 107m and 15m at 1.42% Li2O from 155m in LRC0407 - 12m at 1.31% Li2O and 306ppm Ta2O5 from 126m and 3m at 1.17% Li2O from 171m in LRC0411 - 6m at 1.75% Li2O and 448ppm Ta2O5 from 99m and 10m at 1.28% from 137m in LRC0425 - 14m at 1.52% Li2O and 268ppm Ta2O5 from 106m and 15m at 0.73% Li2O and 402ppm Ta2O5 from 141m in LRC0426 - 12m at 0.96% Li2O and 325ppm Ta2O5 from 113m and 10m at 1.76% Li2O and 338ppm Ta2O5 from 164m in LRC0427. Exploration is mainly focused on step-out drilling to the south, east and west. Sterilisation and geotechnical drilling is also continuing for mining engineering purposes. Feasibility Study Tawana and AMAL are in the advanced stages of completing a feasibility study with off-take pricing, metallurgical and process engineering aspects of the study completed, and the mining engineering and infrastructure capital costs nearing completion. The results of the study are expected to be released within two weeks.
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furnaces
Veteran |
24-May-2017 22:50
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I just took a quick glance at Pilbara Minerals drilling results. They didn't even have as big as 57m. Guess TAW/AMAL striked jackpot in finding the huge eastern pegmatite. Green bushes think we still can't compete, their li2o is easily above 2.5%. | ||||
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Steady28
Senior |
24-May-2017 22:49
Yells: "huat ah" |
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hahaa i more than willing to buy up at lower prices... lai lai. later a few of us here combined, can become ssh liao | ||||
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c3_jail
Senior |
24-May-2017 22:45
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Tomorrow you guys will short? Lols
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amlithiumpower
Senior |
24-May-2017 22:40
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Ha... let' s bet. I' ll say before 6 June. Anyone? AXS haven released the news cos it' s wee hours for them and Tawana allowed AM to release the announcement first. Ha...  |
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furnaces
Veteran |
24-May-2017 22:39
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Scold. I support, the FS delay is always the nagging issue.
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timothylim890
Veteran |
24-May-2017 22:29
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From April to May to June. I' d say definitely scold!  ![]()
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furnaces
Veteran |
24-May-2017 22:26
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With the eastern extension high grade lithium, probably we can compete with green bushes? Or pilangoora?
57m is huge. |
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sheerluck
Supreme |
24-May-2017 22:22
Yells: "Work for your money first then let your money work for you" |
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They say until like that means 1st week of June liao loh.   How?   Scold or not??? | ||||
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furnaces
Veteran |
24-May-2017 22:14
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FS will be released within 2 weeks. This update is showing the map of the enlarged pegmatite. This is 3 times the original size and very huge and contains very high grade lithium. I believe JORC maiden resource estimate is likely much bigger than previously estimated. | ||||
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ben_kieran
Member |
24-May-2017 22:11
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quote from announcement tonight. " Feasibility Study Tawana and AMAL are in the advanced stages of completing a feasibility study with off-take pricing, metallurgical and process engineering aspects of the study completed, and the mining engineering and infrastructure capital costs nearing completion. The results of the study are expected to be released within two weeks. "
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furnaces
Veteran |
24-May-2017 22:07
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Announcement out liao. Go sgx website. | ||||
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c3_jail
Senior |
24-May-2017 21:31
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If suddenly like bestworld.. wow
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c3_jail
Senior |
24-May-2017 21:26
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Hahaha its since my bday hor, bro risktaker 😂 😂
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Atom99
Master |
24-May-2017 21:05
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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The Top Five Lithium Market Myths https://twitter.com/globallithium
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Atom99
Master |
24-May-2017 20:51
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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Yes. Agree.
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Steady28
Senior |
24-May-2017 20:41
Yells: "huat ah" |
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which is good isnt it? now they have the best of both worlds. hopefully ta can cover the operational cost, which is an icing on the cake. then the  spodumene lithium is the whole cake. =)
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timothylim890
Veteran |
24-May-2017 20:41
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Bro, tantalum will be produced as a by-product of spodumene mining. TAW will get two products from one process. Therefore Bald Hill will be producing two products (spodumene and tantalum) for sale. AMAL is still negotiating tantalum off-take with Mitsubishi (or other players, not sure about that).  See page 7 of TAW' s AGM presentation:  http://spcagent.io/taw/wp-content/uploads/sites/26/2017/05/AGM-Pres.pdf
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